Unless your dad or you know for sure (have notification) that the tractor has a legal lien (either by bank or it's listed in a bankruptcy equipment list as an asset) then your dad still owns the tractor. Buy the tractor from your dad for a fair price and get a bill of sale from him. Document the condition of the tractor - photos etc. before moving it or fixing it. Then it's yours and you've acted in good faith.
You can have your dad hold the money in trust if you're still concerned.
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Today's Featured Article - Museum Coverage: The Stuttgart Agricultural Museum - by Cindy Ladage. While cold wind was blowing back in Illinois, in Arkansas, daffodils were in bloom, and the Magnolia trees were adorned with fragrant blossoms. Stuttgart, Arkansas was the site of this year's winter Minneapolis Moline Collector's show February 25-27, 1999. The show was held at the Oliver Museum created by Don Oliver, the pioneer of the four wheel drive tractor. Oliver along with Gale Stroh and Kenneth Bull using Minneapolis Moline tractors and parts created what has become known as
... [Read Article]
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